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What % of your income do you spend on rent?
- Thread starter ApatheticDolphin
- Start date
Exactly. Just dont be poor and all your problems are solved.
starting out your rent/living will be at least 1/3rd of your income (living in the bay area adds another layer to that). no big deal
goal is to drive that percentage down some 10-15 years from now but YMMV based on situation/living preferences. i was cool with living in crappy studio apartments til my mid 30s and then bought a home, but very few people could've suffered through that
goal is to drive that percentage down some 10-15 years from now but YMMV based on situation/living preferences. i was cool with living in crappy studio apartments til my mid 30s and then bought a home, but very few people could've suffered through that
OP
OP
We love complaining about how much we spend on rent here ¯\_(ツ)_/¯
Gross: 15%
Net: 22%ish
These include utilities; I share a 2.5 bedroom place with my GF that we split 50/50. I never want to move, it's an older house but we have in-unit washer/dryer, a driveway with a garage, two decks, appliances in decent shape, and we live on a bike-path that leads to the subway in about a 15 minute walk/5 minute bike ride. For $2100/month in the Boston area it's a steal
Net: 22%ish
These include utilities; I share a 2.5 bedroom place with my GF that we split 50/50. I never want to move, it's an older house but we have in-unit washer/dryer, a driveway with a garage, two decks, appliances in decent shape, and we live on a bike-path that leads to the subway in about a 15 minute walk/5 minute bike ride. For $2100/month in the Boston area it's a steal
Way too much.
The goal is to move from NJ to NC and be able to buy a house for about 700 bucks less a month than we spend to rent a 1BR apartment in Central NJ.
The goal is to move from NJ to NC and be able to buy a house for about 700 bucks less a month than we spend to rent a 1BR apartment in Central NJ.
It's fucked out here
But then again (at least in me and my wife's profession) it's pretty much fucked everywhere in the US except for California thanks to the presence of unions
About 20%. I have two roommmates in an apartment and I live in a pretty small city. Only make ~$30k a year before taxes.
If I was to pay for this apartment by myself it would be about 32% of my check each month. Fortunately, I have a gf and we live together. With our income combined it's about 13% per month. Cost of living here isn't bad at all, but I don't make much hourly and my gf is a school teacher, so we don't rake in the big bucks. However, we live in a good part of town. I'm sure we could find something cheaper.
When I first moved out, rent was 24% of my gross salary. My current mortgage is only 17%. Against net salary, my mortgage is about 26%.
I need to go through and re-budget to see what it all is with utilities, gas, and groceries included, but some really rough estimates seem to bump it all up to about 45% of my net salary.
Edit: Christ. I completely forgot about a car payment and student loans. Bump that up closer to 50%, I guess. I really should re-do my budget.
I need to go through and re-budget to see what it all is with utilities, gas, and groceries included, but some really rough estimates seem to bump it all up to about 45% of my net salary.
Edit: Christ. I completely forgot about a car payment and student loans. Bump that up closer to 50%, I guess. I really should re-do my budget.
27 % of gross income. Living in Singapore though so rent is the main expenditure (no car and daily food is not so expensive). The idea of buying here is really off-putting when you see the sales prices for similar apartments. Even if I know I'm essentially flushing down my money.
OP
OP
13% net, mortgage + maintenance(well fee, but that is basically what is for, it is an owner-occupied flat)
All of my bills, including little things like Netflix, car & insurance, is 31.5% of my net.
It's not expensive to live in my city, I just sock away 11.5% of my check pre-tax into retirement now.
It's not expensive to live in my city, I just sock away 11.5% of my check pre-tax into retirement now.
60%. My SO is working, and I am unemployed sadly. When I get a job, the rent should be 30%-35% at max.
